August 18, 2020
Do I Need a Will or a Trust? Yes! People often wonder, when it comes…
Do I Need a Will or a Trust? Yes! People often wonder, when it comes to estate planning, whether they need a will or a trust. The short answer is that we see this not as an either-or question; rather we recommend having both. There is a significant degree of overlap between a will and…
Starting your own business is a complex affair. But amidst the many concepts you need to learn to build a business from scratch, one area that’s often ill-understood (especially for beginners) is structure and branding. In this guide, we’ll take a look at the importance of structure and branding as it relates to starting a…
Whether you are the landlord or the tenant, you need to know your rights. There are certain rights given by law to landlords and certain rights given to tenants. The rights depend on the state and the city, but in New York, for example, the tenants’ rights are considerable. The issues between landlords and tenants…
1. Wills. What is a will? A will, sometimes referred to as Last Will and Testament, is a legal mechanism for passing or distributing property and wealth without consideration (i.e., without anything in return). A will is a set of instructions on how you want your property and wealth distributed. Wills are legal documents with…
Many people are unaware of the need to plan ahead until something happens, and then the reaction is “What am I going to do?” A skilled attorney can sometimes help even in situations like that. Planning for retirement, disability, or death is unpleasant to some, and is frequently avoided. However, for successful retirement planning, you…
I have spoken to many clients and potential clients who simply do not understand what as Special or Supplemental Needs Trust is. These trusts are useful asset preservation and Medicaid planning tools. Special or Supplemental Needs Trusts are a subsection of trusts, created under the strict rules of the Social Security Administration (“SSA”) and applicable…
The Tax Cuts and Jobs Act essentially doubled the basic federal tax exemption amount set by the American Tax Relief Act of 2012 (ATRA). The new law established a $10 million federal tax exemption, indexed for inflation, but only until 2025 if Congress does not extend it. If the law is allowed to expire via…
Insurance companies are built on a simple principle: they take your money, but they are not in a rush to pay you back if you are in need and have a claim. They accomplish the first part of this formula by demanding prompt payments of premiums and threatening that your coverage will lapse or be…
